Tencent to acquire Sumo Group

Tencent Holdings will acquire Sumo Group for $1.27 billion, the companies announced.

Sumo Group is made up of the following studios:

• Atomhawk
  • Atomhawk Canada
  • Atomhawk United Kingdom
• Pipeworks Studios
  • Timbre Games
• Sumo Digital
  • The Chinese Room
  • Lab42
  • PixelAnt Games
  • Red Kite Games
  • Sumo Leamington
  • Sumo Newcastle
  • Sumo Nottingham
  • Sumo Pune
  • Sumo Sheffield
  • Sumo Warrington
• Secret Mode

Tencent previously held an 8.75 percent stake in the company.

“The Board of Sumo firmly believes the business will benefit from Tencent’s broad videogaming ecosystem, proven industry expertise, and its strategic resources,” said Sumo Group non-executive chairman Ian Livingstone in a statement.

Thanks, Reuters.